Hotels listed by online travel giant Booking.com in Europe are now free to offer better rates elsewhere, the European Commission said Thursday as new rules on the platform came into force.
Shares of Booking Holdings have roared upward since posting strong Q3 results, erasing fears of a slowdown sparked last quarter. Booking's growth accelerated five points to 9% y/y, powered by a recovery in Europe and rapid expansion in air tickets sold. The company is also planning a restructuring that aims to boost margins further.
Booking Holdings is trading around all-time highs following another quarter of market share gains and strong margin expansion. BKNG announced plans to reduce its workforce, further cementing the new CFO's ambition in driving operational leverage. Travel is a surprisingly resilient industry, and Booking is best positioned to capitalize on the industry's consistent above-market growth.
Online travel agency Booking Holdings said on Friday it was planning to implement certain organizational changes, including an expected workforce reduction as part of a bid to cut costs.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Booking Holdings (BKNG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Recently, Zacks.com users have been paying close attention to Booking Holdings (BKNG). This makes it worthwhile to examine what the stock has in store.
Booking Holdings (BKNG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
BKNG's strength in alternative stays to airline bookings signal robust market positioning, making it a compelling hold for investors post Q3 earnings results.
PPC, BKNG and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 4, 2024.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Booking Holdings stock is a free-cash-flow monster.